Stellarx the future of crypto exchange?

[SneakyLady]

What do you guys think of StellarX? Some have said that it's "too centralized."

https://news.bitcoin.com/a-review-of-the-new-stellarx-decentralized-exchange/

users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

[1714630174]

1714630174

[Awesomus Maximus]

I plan to check how it goes with trading on StellarX once the platform starts with their full operation. If you are fully in charge with your coins on your own wallet, it should work like a decentralized exchange, but they say it isn't a DEX. So i don't know. No fees is an interesting option. I would like to see this in practice to check if there are any downsides or other unforseen things. 

[LeGaulois]

Nothing special to bring compared to the existing ones. So I doubt your site will be THE future crypto exchange. Maybe for you but for the majority nope. The future is the decentralized exchanges like the sites mentioned in the quote but we will need ar least 3 years to see it popular on the market

[likerseld]

What do you guys think of StellarX? Some have said that it's "too centralized."

https://news.bitcoin.com/a-review-of-the-new-stellarx-decentralized-exchange/

users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

Hmmm… this is StellarX is starting to seem quite interesting. What is the trade against other users and how exactly does that work? I don’t think there is any exchanger that does that, seems like they are the first to do so. And another thing that interests me is that they don’t charge fees. I will just bookmark this so I can check it out from time to time to see people’s review about it before I take I decide to join them or not.

[karungbitcoin]

Currently centralized exchange still more popular than decentralized exchange, because in decentralized exchange include stellarX did not offer feature of stop loss, this feature is important in trading because crypto market open 24/7 with high volatility but we can not analysis the market all the times.

[Gratzio]

StellarX is great. The only problem - there are not enough good projects built on Stellar except Gratz and Mobius It needs more high-quality interesting projects.

[Hamphser]

StellarX is great. The only problem - there are not enough good projects built on Stellar except Gratz and Mobius It needs more high-quality interesting projects.

I cant really deny that Stellar platform is a good one but same as you said only a few projects built into this platform are better. Centralized exchange are quite
famous than on Dex ones but knowing Stellar they are more into dex but i wont really surprised if they would comply with such requirements about being centralized.

[Yaunfitda]

StellarX is great. The only problem - there are not enough good projects built on Stellar except Gratz and Mobius It needs more high-quality interesting projects.

Perhaps its jus too early to say what projects will built on its platform. XRP was like that in the beginning as well. But as soon as they implement a lot of improvements, banks started to take notice and now they got the support they given. So give it some time and see how it pans out.

If its really a great project then many will take notice of it for sure centralized or decentralized.

[vixcious]

What do you guys think of StellarX? Some have said that it's "too centralized."

https://news.bitcoin.com/a-review-of-the-new-stellarx-decentralized-exchange/

users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

yes. I really appreciate Stellar. They are planning to create the largest trading platform ever. They spend more than $ 125,000,000 for the creation of a great community. This is a big turning point and I am very hopeful on this trading platform.

[Pikachu12]

What do you guys think of StellarX? Some have said that it's "too centralized."

https://news.bitcoin.com/a-review-of-the-new-stellarx-decentralized-exchange/

users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

I do not think it's too focused. It is trying to create the largest community ever. I highly value Stellar and I think it will grow to over 200% in the coming months.

[Wind_FURY]

OP, that's not "the future" of decentralized trading, this is the future, https://bisq.network/

Unlike traditional online exchanges, Bisq is designed to be:

Instantly accessible – no need for registration or approval from a central authority.
Decentralized – there is no single point of failure. The system is peer-to-peer and trading cannot be stopped or censored.
Safe – Bisq never holds your funds. Decentralized arbitration system and security deposits protect traders.
Private – no one except trading partners exchange personally identifying data. All personal data is stored locally.
Secure – end-to-end encrypted communication routed over Tor.
Open – every aspect of the project is transparent. The code is open source.
Easy – we take usability seriously.

I believe Stellarx is built inside the network called Stellar? Their native token, XLM, is a centralized bankcoin, network validation might be centralized too.

Use it if you want, but it is not truly decentralized.